BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits
Green Car Congress
DECEMBER 1, 2021
Converting a significant portion of the fleet to hydrogen would require more DRI plants and more electric furnaces. South Africa and India have good iron ore reserves and the potential to produce a large amount of low-cost clean power. Blast furnace production would fall to 18% of capacity in this scenario.
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